What Do We Call the Practice of a Single Company

question 33

Multiple Choice

What do we call the practice of a single company owning businesses that operate in related,yet different,commercial sectors?

• A) cross-sector control
• B) corporate integration
• C) media convergence
• D) decentralized business

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Definitions:

Average Fixed Costs (AFC)

The fixed costs of production (not varying with output) divided by the quantity of output produced; typically decreases as production increases.

Total Fixed Costs (TFC)

The sum of all costs that remain constant regardless of the level of production or output in the short run.

Average Fixed Cost

The fixed costs of production divided by the total units of output, which decreases as production increases.

Total Cost

The complete cost of production, combining both fixed and variable costs.